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Types of loans

Types of loans

We have a number of loans designed to help kiwis buy homes, invest in property, build businesses and improve their livelihoods. We offer investors great interest rate returns and a convenient online service.

Personal

Our personal loan allows you to do whatever you want to do; for example, go on holiday, buy a vehicle or extend the house. Our rates are competitive and our lending criteria is flexible. The application process is straightforward and you will not be bogged down in red tape. Plus you will receive a quick answer without having to leave the comfort of your home. We have investors who will fund you in return for a fair return on their money.

Maximum term 5 years

LVR – up to 100%

Residential

Property Loan

Buying a new house or refinancing your existing home is fast and easy with our residential property loan. Say goodbye to the red tape and delays you may have experienced in the past. At Zagga you will benefit from competitive interest rates, improved access to credit and speedy loan approvals. We have investors right now willing to invest in you and your new property.

Maximum term 5 years

LVR – up to 80%

Bridging Loan

Our bridging loan allows you to cover the time between buying a new house and selling your old one. You don’t have to struggle with double mortgage payments because you can choose to capitalise the interest or make interest only payments. When you capitalise interest, you defer the interest payments until the end of the loan term. So when you pay the loan off, you pay off the interest too. Simple and stress free.

Minimum term 2 months – maximum 12 months

LVR – 100% of both properties

Golden Years Loan

As a mature borrower the arrival of peer to peer lending means you now have options. This loan is not a reverse annuity, it is a normal loan. You don’t need to worry about amassing a huge debt courtesy of compound interest. You can choose to pay interest only and the amount of the loan remains the same throughout. It’s fair, transparent and there are no nasty surprises at the end.

We have investors who understand you have been an excellent bet all your life and that nothing has changed. They will lend you the money at a reasonable rate which you can afford to pay.

Maximum term 5 years

LVR – up to 80%

Jumpstart Loan

Our Jumpstart loan is perfect for home buyers who do not meet bank LVR* criteria. The Reserve Bank requires banks to restrict their high (over 80%) loan-to-value lending to a small percentage of their overall residential mortgage portfolios. However, because Zagga is not a bank the Reserve Bank restrictions do not apply to us. We are an online platform that enables people to borrow money from other people. And the good news is there are investors willing to lend you the money for your new home.

*LVR is a measure of how much a bank lends against a property or asset compared to the value of that property or asset.

Maximum term 5 years

LVR – up to 100%

Commercial

Property Loan

If you’re buying a new commercial property or improving an existing one, this loan is right for you. You can purchase a wide range of property, including warehouses, storage units, office blocks/units and land. We have many investors who are interested in lending on commercial property. Simply apply online and once you are approved your loan will be listed on our platform.

Maximum term 5 years

LVR – up to 100%

Business Loan

If you’re starting a new business or growing an existing one, you’re probably going to need finance. You may have found this difficult in the past so why not give us a try? We have lots of investors who are motivated to help grow kiwi businesses and support the people running them. It’s a win for them and a win for you… without the involvement of a bank.

Maximum term 5 years

LVR – up to 100%

Business Equipment Finance

If you want to invest in new plant or equipment, or upgrade existing equipment you may need some capital. You can approach your existing investor or you can try our peer to peer platform. It's quick and easy and our investors are committed to investing in New Zealand and supporting kiwi businesses. They make a good return and you get the money you need at a fair price.

Maximum term 5 years

LVR – up to 100%

Rural

Seasonal Loan

Traditional investors often don’t understand the demands of farming. There are times when you need some extra money for just a short time. Zagga provides you with another option for short term finance. Our platform enables people to borrow money from other people. Our investors are kiwis, many of them from rural areas, and they understand the seasonal nature of farming. They are interested in supporting you when you need it most whilst earning a fair return on their money.

Minimum term 2 months – maximum 6 months

LVR – up to 100%

Business Loan

How many traditional investors take the time to really understand your business and know what it takes to run it? With a Zagga rural business loan you are borrowing directly from kiwis who care about business growth and are keen to invest in your business. The application process is quick and easy and our platform is designed to help you get the money you need.

Maximum term 5 years

LVR – up to 100%

Equipment Finance

Sometimes you need a piece of equipment and you need it fast. Tried explaining this to your current investor? Our platform gives you direct access to investors from all over New Zealand who are interested in lending to people like you. Applying is quick, easy and online.

Maximum term 5 years

LVR – up to 100%

Environment Loan

The rules have changed for farmers and are continuing to change. Compliance means investing in new systems and practices. Zagga’s environmental loan is designed with this in mind and will help you achieve your compliance goals. Many of our investors are committed to New Zealand’s rural sector and the environment. They are keen to help and understand the issues facing the farming community. Get started and apply online.